Church & Dwight Co., Inc. (NYSE:CHD) Stock Holdings Reduced by AMI Asset Management Corp

AMI Asset Management Corp lowered its stake in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 3.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 528,926 shares of the company’s stock after selling 21,195 shares during the period. Church & Dwight comprises 3.4% of AMI Asset Management Corp’s portfolio, making the stock its 7th largest holding. AMI Asset Management Corp’s holdings in Church & Dwight were worth $58,229,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. IAG Wealth Partners LLC boosted its holdings in Church & Dwight by 92.9% during the first quarter. IAG Wealth Partners LLC now owns 270 shares of the company’s stock worth $30,000 after buying an additional 130 shares in the last quarter. Bernard Wealth Management Corp. purchased a new stake in Church & Dwight during the fourth quarter worth about $40,000. Versant Capital Management Inc boosted its holdings in Church & Dwight by 42.1% during the first quarter. Versant Capital Management Inc now owns 378 shares of the company’s stock worth $42,000 after buying an additional 112 shares in the last quarter. Banque Transatlantique SA purchased a new stake in shares of Church & Dwight in the fourth quarter valued at about $46,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Church & Dwight by 50.5% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 575 shares of the company’s stock valued at $60,000 after purchasing an additional 193 shares in the last quarter. Hedge funds and other institutional investors own 86.60% of the company’s stock.

Analyst Ratings Changes

CHD has been the topic of several recent research reports. Royal Bank Of Canada raised shares of Church & Dwight from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $100.00 to $114.00 in a report on Monday, June 2nd. Cowen lowered shares of Church & Dwight from a “buy” rating to a “hold” rating in a research report on Tuesday, May 6th. Wells Fargo & Company boosted their price objective on shares of Church & Dwight from $115.00 to $120.00 and gave the company an “overweight” rating in a research report on Wednesday, April 2nd. Evercore ISI cut their price objective on shares of Church & Dwight from $106.00 to $102.00 and set an “in-line” rating for the company in a research report on Friday, May 2nd. Finally, JPMorgan Chase & Co. cut their price objective on shares of Church & Dwight from $106.00 to $98.00 and set an “underweight” rating for the company in a research report on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Church & Dwight presently has a consensus rating of “Hold” and an average target price of $108.29.

Church & Dwight Stock Performance

Shares of CHD stock opened at $95.29 on Thursday. Church & Dwight Co., Inc. has a one year low of $90.99 and a one year high of $116.46. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.43 and a current ratio of 1.95. The company has a 50 day moving average price of $97.27 and a 200 day moving average price of $103.24. The firm has a market capitalization of $23.47 billion, a price-to-earnings ratio of 40.90, a price-to-earnings-growth ratio of 3.85 and a beta of 0.52.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.89 by $0.02. Church & Dwight had a net margin of 9.52% and a return on equity of 19.28%. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the prior year, the business posted $0.96 earnings per share. Church & Dwight’s revenue for the quarter was down 2.4% compared to the same quarter last year. Sell-side analysts anticipate that Church & Dwight Co., Inc. will post 3.7 EPS for the current year.

Church & Dwight Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th were given a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend was Thursday, May 15th. Church & Dwight’s payout ratio is currently 50.64%.

Insider Transactions at Church & Dwight

In other news, EVP Carlen Hooker sold 3,000 shares of the company’s stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $98.05, for a total value of $294,150.00. Following the completion of the transaction, the executive vice president now directly owns 262 shares in the company, valued at approximately $25,689.10. This represents a 91.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Penry W. Price sold 14,660 shares of the company’s stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $93.13, for a total transaction of $1,365,285.80. Following the completion of the transaction, the director now owns 27,043 shares of the company’s stock, valued at $2,518,514.59. This trade represents a 35.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 50,575 shares of company stock valued at $4,910,586 over the last 90 days. Corporate insiders own 2.00% of the company’s stock.

Church & Dwight Profile

Church & Dwight Co, Inc engages in the development, manufacture, and marketing of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, Specialty Products Division (SPD), and Corporate. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, household cleaning products, and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements.